Ninja Squad Token (NST) is a coin belonging to the Ninja Traders community, which is known for its NFT portfolio. NST is the native token of the ecosystem. NST holders gain access to educational resources, analysis, and consulting services within the Ninja Traders ecosystem.
Who is the founder of Ninja Traders?
Ninja Squad was launched in 2017. The team created its NFT collection, “Ninja Squad NFT,” in 2021. The community’s cryptocurrency, NST, was launched in December 2021.
Ninja Squad Token Technical Infrastructure and Features
Ninja Squad Token is an Ethereum-based native token. It also operates on the Arbitrum and Solana networks. It uses Ethereum’s consensus mechanism, meaning it operates on the Proof-of-Stake (PoS) mechanism. This allows users to stake (lock) their NST and have a chance to earn a derivative token similar to veNST. This derivative token provides certain rights and advantages within the ecosystem. These advantages include earning income and voting rights through staking, accessing ecosystem tools and services, and trading or providing liquidity on cryptocurrency exchanges.
How is NST used?
NST holders can use their tokens for various purposes instead of just holding them. Users who lock their NST can obtain a derivative token called veNST. veNST holders can:
- Participate in protocol governance.
- Receive a share of ecosystem fees and revenue.
NST holders can benefit from the products offered by the Ninja Squad ecosystem. These products include: Ninja Tools & Terminal, which provides on-chain data, heatmaps, and trading tools; Ninja Academy, which contains educational content; Ninja Capital, offering one-on-one mentorship from professional traders and early access to private investment rounds; and Ninja News & Analysis, a crypto analysis channel. Users can buy and sell NST on both centralized (CEX) and decentralized exchanges (DEX).
Where to buy NST?
NST Token can be purchased on both centralized and decentralized exchanges. On centralized exchanges, users must create an account and complete an identity verification process before they can trade NST. Investors can also trade NST with stablecoins on these platforms. Centralized exchanges offer convenience and fast access. NST can also be purchased on decentralized exchanges. Here, investors can connect their wallets, such as MetaMask, to trade. However, investors are required to pay a gas fee (transaction fee) when making a transaction.
How to buy NST?
You can use popular cryptocurrency exchanges to purchase NST Coin.
- On the Paribu homepage, you can click on the “Buy/Sell” option at the top of the screen. After this, you can type NST Token into the search bar to proceed to the buying stage.
- On the Buy/Sell page, you can start your transaction by clicking the “Buy” button for NST. At this step, you will be asked to create an account if you don’t have one, or to log in if you do.
- You can continue the process by entering the amount of Turkish Lira you wish to spend on the purchase. After specifying the amount you want to invest, you can proceed to confirm the transaction. Paribu automatically checks your account balance and completes the transaction if the balance is sufficient. If your balance is insufficient, you can add funds using the “Deposit TRY” option.
- In the final step, you need to click the “Buy” button once more to confirm the transaction. Your cryptocurrency purchase will be executed immediately, and the purchased crypto will be transferred to your account shortly.
NST Reviews
When considered along with its community and product ecosystem, Ninja Squad Token is seen by many users as a promising project. Its evolution from a community-born project into a comprehensive ecosystem offering education, analysis, trading tools, and investment opportunities is viewed positively by investors. As often emphasized in user reviews, NST holders can use their tokens to access ecosystem tools, benefit from premium content, and participate in governance processes, rather than just passively holding them. In this respect, NST establishes itself as a coin that is both community-focused and highly functional.
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